GASB issues Exposure Draft regarding compensated absences
A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.
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Donor-advised funds: Accounting implications related to pledges
A discussion of the accounting implications when a donor plans to use a donor-advised fund for a promise to give.
Cybersecurity issues for plan sponsors
The Department of Labor is working on guidance addressing cybersecurity issues as they relate to plan sponsors and third-party providers.
Partial plan terminations, 2020 and COVID-19
A consequence of COVID-19 reductions is potential partial plan termination. Learn the requirements of a partial plan termination.
Proposed quality management standards
The Auditing Standards Board has issued three proposed new standards for quality management at the firm and engagement levels.
FASB to finalize goodwill impairment triggering event alternative
FASB votes to finalize a goodwill impairment triggering event alternative for private companies and not-for-profit entities.
Additional updates to Coronavirus: Financial reporting considerations
Our white paper has been updated to reflect recent financial reporting developments resulting from the Coronavirus pandemic.
Ongoing updates to Coronavirus: Financial reporting considerations
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Deferred tax asset valuation allowance
Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
Possible extension of TDR and CECL relief provided by CARES Act
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
FASB proposes goodwill impairment triggering event alternative
FASB proposes a goodwill impairment triggering event alternative for certain private companies and not-for-profit entities.
GASB proposes implementation guidance
The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.
COVID-19: Clarification on interagency statement on loan modifications
Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
Audit & Accounting Guide:
An updated AICPA guide addresses the unique aspects of the preparation and auditing of financial institution financial statements.
Audit & Accounting Guide for employee benefit plans updated
An updated AICPA guide addresses the unique aspects of the preparation and auditing of employee benefit plan financial statements.
New edition: Accounting for debt modifications and restructurings
We have published a new edition of our guide regarding the accounting for debt modifications, restructurings and exchanges.